Search Results for: law
Goldman Sachs to pay $54.75 Million for unsound conduct in its Forex business
May 16th, 2018
The New York State Department of Financial Services (DFS) has issued a statement early this month to inform that Goldman Sachs fined $54.75 Million for unsafe and unsound conduct in its Foreign Exchange trading business. Goldman Traders Improperly Shared Customer ...
CySEC informs that three Companies providing Administrative Services waived their license
May 16th, 2018
The Cyprus Securities and Exchange Commission (CySEC) has issued an announcement to inform that, on 30th March 2018, 26th April 2018 and 30th April 2018 the Companies providing Administrative Services Margelore Management Ltd, Interquick Ltd and NSC Global Corporate ...
The Euro and Japanese Yen fell, Dollar strengthened; Key events to watch this week
May 15th, 2018
Stocks in Asia declined Tuesday, while the dollar strengthened and 10-year Treasury yields rose back above the 3 percent mark as investors assessed the outlook for global trade relations and increased tensions in the Middle East. Equity benchmarks dropped ...
Asus to pay millions euro to settle price manipulation allegations
May 15th, 2018
Taiwan’s Asustek Computer, known as Asus, on Friday said it reached an agreement with the European Union to pay about 65 million euros ($77.6 million) to settle allegations of price manipulation in its PC business in Europe. “Although it ...
Artificial intelligence, or can machines think?
May 11th, 2018
Artificial intelligence (AI) is seen as both a boon and a threat. It uses our personal data to influence our lives without us realising it. It is used by social media to draw our attention to things we ...
Bitcoin sees Wall Street warm to trading virtual currency
May 10th, 2018
Some of the biggest names on Wall Street are warming up to Bitcoin, a virtual currency that for nearly a decade has been consigned to the unregulated fringes of the financial world. The parent company of the New York ...
ACCA published the five tenets of good corporate governance
May 10th, 2018
ACCA (the Association of Chartered Certified Accountants) has published a report examining the interrelation between businesses and society, and the importance of good corporate governance in facilitating a positive relationship between them. The report – Tenets of good corporate ...
European stocks climb to 3-month high
May 8th, 2018
European stocks closed higher on Monday, boosted by a round of well-received earnings reports and an advance for heavyweight Nestlé after the consumer goods giant announced a deal to sell Starbucks products world-wide. A weaker euro after disappointing German ...
Administrative Services Provider in Cyprus waived its authorization
May 4th, 2018
The Cyprus Securities and Exchange Commission (‘CySEC’) has issued an announcement to inform that, on 31st December 2017, the Company Providing Administrative Services Lexpro Holding & Consulting Services Ltd (the ‘Company’), waived its authorization, pursuant to section 16 of the ...
$85 million ponzi scheme shuts down
May 3rd, 2018
The Securities and Exchange Commission announced the unsealing of fraud charges against a Mississippi company and its principal who allegedly bilked at least 150 investors in an $85 million Ponzi scheme. The defendants agreed to permanent injunctions, an asset ...
